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5618 PINEY RIDGE DRIVE
About This Property
Step inside to discover a thoughtfully designed and efficiently flowing floor plan that maximizes both space and livability. The interior showcases a harmonious blend of soft carpet and durable laminate flooring, adding both comfort and style throughout the home. Natural light gently fills the living spaces, creating a bright and airy ambiance that enhances the home's inviting character. Central heating and air conditioning provide consistent, year-round comfort.
Offering approximately 1065 square feet of heated living space and a total of 1,229 square feet, this residence delivers a well-proportioned and functional layout ideal for a variety of lifestyles. The expansive corner lot not only enhances privacy but also provides additional outdoor space with endless possibilities for relaxation, entertaining, or future personalization. The home also features a newer roof, approximately 5 years old, along with an A/C unit that is about 1.5 years old.
Ideally located in Orlando, this home offers convenient access to major roadways, shopping, dining, and everyday essentials, making it both a practical and appealing choice. Whether you're seeking a primary residence or an investment opportunity, this property presents exceptional value in a well-connected and established community.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017